Lawson Products Inc. acquired Screw Products Inc. The acquisition closed October 1, 2018. Terms were not disclosed.

Based in Dallas, SPI is a regional distributor of bulk industrial products to large manufacturers and job shops. SPI provides  fastener and components packaging, sub-assembly and kitting services in its Dallas and Dayton, Ohio, warehouses. SPI generates $3 million in annual sales.

It is Lawson’s sixth acquisition in 36 months. The October 2017 acquisition of the Bolt Supply House at $40 million was the largest.

“SPI’s deep expertise and successful execution in its markets have yielded strong profitability and sales growth,” Lawson CEO Michael DeCata, president said. “This transaction further reinforces our commitment to being strategically focused and disciplined in pursuing acquisitions. As a result, Lawson is well-positioned to further penetrate the job shop/manufacturing market segment and to grow sales for both SPI and Lawson.”

Screw Products CEO Bill Marthens said he is “excited about the potential opportunities from leveraging their resources and experience.”

Marthens will oversee day-to-day operations as Lawson’s director for segment development and he will report to Lawson senior VP for supply chain and business development Shane McCarthy and key SPI sales and operations employees will continue current roles and report to Marthens.  

Founded in 1952, Chicago-based Lawson distributes specialty products to the industrial, commercial, institutional and government MRO markets.

Through Bolt Supply House, Lawson supplies Western Canadian customers. Under its Kent Automotive brand, Lawson supplies collision and mechanical repair products to the automotive aftermarket. Web: LawsonProducts.com and Kent-Automotive.com